0% Down. 101% Yours.

Owning a home is the American dream. But saving for a down payment isn’t easy. Most people have tons of financial obligations — car payments, student loans, family expenses… the list seems endless. And while you’re scraping to save, home prices keep rising.

That’s why Embrace created the No Down Payment program. Yup, just like the name implies, you can put as little as zero down! Not one penny. Our exclusive down payment assistance program offers financing options up to 101%.* And because everyone wants low or no closing costs, we can help with those, too.

Our No Down Payment program is available for first-time and previous homebuyers. So forget the myth that you need a big down payment. With Embrace, you don’t need any down payment. It’s just another way we make buying a home easier and more convenient than ever before.

*Financing options up to 101% include an interest only second mortgage loan with a balloon payment.

Eligible States: AK, AL, AR, AZ (Phoenix/Maricopa County is not eligible), CO, CT, GA, HI, ID, IL (Cook County is not eligible), KS, KY, MA, MD, ME, MI, MN, MO, MS, NT NC, ND, NH, NM, OK, OR, PA, SD, TN, UT, VA, WI and WY

No Down Payment


  • Financial assistance for down payment and closing costs
  • Financing options up to 101% combined loan-to-value on a first and second mortgage


  • Purchase of a single-family residence only
  • Borrowers with a FICO score of 660+
  • Borrower can be a first-time or previous homebuyer

Frequently asked questions

Can I take advantage of Embrace’s No Down Payment program if I have owned a home before?

The No Down Payment program from Embrace Home Loans is not exclusive to first-time homebuyers – so if you have owned a home previously, you may still qualify. You do need to have a FICO score above 660+ and be looking to purchase a single-family home to take advantage of this program.
How much money you need depends on the type of loan and the purchase price. We recommend that you have at least 3.5% for a down payment on an FHA loan. You’ll also want to be aware of closing costs, which are typically between 2% and 6% of the purchase price. There are also benefits to putting more down in some scenarios – such as the ability to get a Conventional loan without mortgage insurance if you have a down payment of 20% or more.
A typical monthly mortgage payment includes the principal, interest, homeowners insurance, property taxes, and private mortgage insurance (PMI) if you put down less than 20%. You can pay more on your mortgage each month, but make sure you specify that you want the extra money to go toward the principal only (vs. prepaying interest).
A second mortgage is a lien taken out on a property that already has another mortgage attached to it. In the case that the loan goes into default, the first mortgage will be paid off first before the second mortgage. Therefore, a second mortgage is typically riskier for lenders and will often come with a higher interest rate. Interest-only payments means that for a period of time, the payments you make on the loan go 100% towards the interest that is accruing on the mortgage. And a balloon payment means that, at the end of the term of the loan, the balance of the mortgage is due all at once.
The time needed to complete the mortgage process varies by customer and lender because it includes gathering information from a customer, verifying that information, and processing the actual loan. The average amount of time to close on their home purchases is 47 days across all loan types, according to Ellie Mae. Purchase loans generally take longer to close than refinance loans by an average of 12 days. Factors such as the loan type and contract dates can affect closing times.
"This is the second transaction for me. Fast, easy, hit the mark. I wouldn't consider using anyone else!" - Susan, MI
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